The mortgage pool comprises 74 fixed-rate commercial mortgage loans that have an aggregate cut-off date balance of $1.4 billion, an average mortgage loan cut-off date balance of $18 million and are backed by 135 mortgaged properties throughout 28 U.S. states.

The pool's weighted average LTV is 61.9% and its weighted average debt service coverage ratio is 1.66x, the filing stated.

In a short emailed note today, Standard & Poor's analysts said that the growing supply is a moderate negative for CMBS new-issue credit. Two new deals in the pipeline for next week will bring year-to-date issuance to roughly $40 billion.

Aside from the Goldman/Jefferies/Citi conduit mentioned above, there is a $568 million General Growth Properties (GGP)-sponsored issue called BB-UBS 2012-TFT backed by three malls.

Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to the 2012-TFT offering. The offering is a large loan CMBS backed by three first mortgage loans with a combined principal balance of $552.9 million jointly originated by Barclays Bank and UBS Real Estate Securities.

The loans, which are not cross-collateralized or cross-defaulted, are each backed by a super-regional mall that are owned and operated by GGP, Kroll said.

The biggest of the three loans has a balance of $205.5 million and is secured by a first mortgage lien on the borrower’s fee and leasehold interests in 667,561 square feet of the Tucson Mall, which is a 1.3 million square feet property in Tucson, Arizona, the rating agency said.

Meanwhile, the second largest loan has a balance of $202.0 million and is secured by a first mortgage lien on the borrower’s fee and leasehold interest in 421,206 square feet of Fashion Place, which is a 1.0 million sf property in Murray, Utah, Kroll reported.

The final loan that serves as trust collateral has a balance of $145.4 million and is secured by first mortgage lien on the borrower’s fee and leasehold interests in 416,516 million square feet of the Town East Mall, which is a 1.2 million sf property Mesquite, Texas.

Kroll has also assigned preliminary ratings to RCMC 2012-CREL1, which is a $291.1 million CMBS backed by 30 subordinate commercial real estate assets that have 76 underlying properties.

The transaction is a fully ramped, static transaction, Kroll said in its presale report on the deal published this afternoon.

The pool comprises 30 CRE assets including 24 mezzanine loans (87.9%), four preferred equity interests (6.8%), one CMBS rake certificate (3.4%), and one B-note (1.9%). Kroll noted that the mezzanine loans include two junior mezzanine mortgages (11.6% of the pool) and one pari-passu participation in a mezzanine loan (4.3%).

Kroll said that the top five assets are all mezzanine loans, including Plaza Mexico (9.0%), 55 West Monroe (7.4%), Gansevoort Park Hotel (6.9%), Wyvernwood Apartments (6.6%) and Sun Development Portfolio (6.1%), Kroll reported

The top five assets also make up 36.0% of the initial pool balance, and the top ten represent 57.4%. The 76 underlying properties are in 18 U.S. states, The to three biggest state concentrations are New York (23.7%), California (21.6%), and Illinois (11.5%). The pool has exposure to four property types with concentrations of over 10%. These are: multifamily (27.9%), office (26.1%), hospitality (19.9%) and retail (15.7%), Kroll stated.